Journal of
Italian
Banking
Association
year 100
Italian
Banking
Association
year 100
Archive » September 2019 » The excessive regulatory stringency after the financial crisis and the precedent of Germany’s war damages
The excessive regulatory stringency after the financial crisis and the precedent of Germany’s war damages
Camillo VenesioSeptember 2019 - n. 9
Keywords: Crisi finanziaria, regolamentazione, politica economica
Jel codes: G21, G28
After the global financial crises of 2007-2017, which threatened to overwhelm the world’s major economies, the regulators have produced a «regulatory tsunami» which, aimed at controlling the supply of credit to the economy, is having negative repercussions on loans to weaker firms. A situation that could recall, with relevant differences, that of the «Carthaginian peace» imposed by the 1919 Paris Conference which regulated, after the First World War, the situations of all the countries involved, winners and losers, and in particular the problem of war damages caused by Germany. It is to be hoped that the legislators will outline a more balanced situation that takes into account the specificities of the different European economies.